As stated by the EBRD, the proposed transaction is presented as the second sub-operation under EBRD's Greek Recovery and Resilience Facility Co-Financing Framework. The total Project cost is EUR 12.5 million and will be funded from EUR 10 million of debt financing package and EUR 2.5 million from Hatzopoulos own resources.
The project will finance the investment program of Hatzopoulos with respect to energy efficiency capex and R&D expenditures, enabling the Company's transition to more recyclable and sustainable products through the acquisition of new machinery and an R&D programme focused on circular economy. The Bank will finance the entire R&D spending of EUR 1.2 million as well as, on a pro-rata basis, EUR 2.55 million of the items the Company's modernisation capex.
As stated by the EBRD, an up to EUR 10 million senior unsecured loan [which] will be structured in two tranches, where up to EUR 3.75 million will correspond to the EBRD tranche and the remainder to the RRF tranche.
A. Hatzopoulos S.A. specialises in the manufacturing of flexible packaging materials for the food and beverages, home and personal care, cosmetics and pharmaceuticals industries. The Company is located in Thessaloniki, operating two manufacturing plants and exporting over 75% of its production to over 30 countries.
The Company is owned by Hatzopoulos family.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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Client - Athanasios Hatzopoulos Packaging Materials Industry SA:
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